Monday, 27th March 2017

IMF

Posted on 19. May, 2011 by in Blogs, FINANCE

With the resignation of the IMF managing director Dominique Strauss-Kahn now confirmed, a fight is brewing between the East and West, developed and developing worlds for control of the Fund. The Euro dominated IMF is now being challenged, for the first time in earnest, by those who would like to see the Fund led by representatives of countries that are on the rise: Brazil, China, India being the most vocal opponents of European dominance.

German Chancellor Angela Merkel has explained that though those in the developing world had “legitimate claims”, the current fiscal crises in the Euro makes having someone with solid European credentials and connections that much more important.

Dominique Strauss-Kahn resigned yesterday, after being arrested for sexual assault. The agency’s second in command, John Lipsky, is currently acting as the managing director until a permanent director is found.

Post By Ali Vonal (8 Posts)

Ali Vonal

Ali Vonal

Ali Vonal is the Editorial Manager for I AM Modern and Modern DC Business Magazines. You can reach him by email: ali.vonal@moderndcbusiness.com

Website: →

Connect

Tags: , , , , , , , , , , , ,

Facebook Comments

Leave a Reply

You must be logged in to post a comment.